
April 1, 2026
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India's Gems and Jewellery - A Global Export Powerhouse
India's Gems and Jewellery - A Global Export Powerhouse
India's gems and jewellery sector is an export powerhouse, accounting for 10-12% of total merchandise exports annually. Yet its growth remains susceptible to economic or policy shocks in key markets, such as the US.
As such, Indian jewellery designers and manufacturers can capitalise on the UAE's strong appetite for high-end retail products by participating in IJEX.
1. Gemstones:
Gemstones for Hindus carry more meaning than just jewellery: they carry spiritual and astrological significance that goes far beyond mere decoration. Each gem represents wisdom, prophecy, and power - with mythic origins, virtues, and appropriate use being documented by early Sanskrit writings known as the Ratnashastras (literally "treatise on jewels").
India spread its philosophical beliefs to new audiences as trade and cultural exchanges with the West increased. Under Mughal emperors, Indian jewellers' intricate Kundan and Meenakari work captivated European royalty, becoming highly sought-after styles and shaping European jewellery trends.
One of Shah Jahan's treasuries contained over half a million unmounted emeralds! India still values these beautiful green stones as a sign of prosperity and good luck.
There has also been an upsurge in demand for India's exquisite jewellery in luxury markets worldwide, evidenced by India becoming the second-largest diamond polisher and gem cutter, and by its prominent presence on global e-commerce platforms and among high society jewellers. Additionally, India's emphasis on ethical sourcing and hallmarking has increased global trust in its products.
2. Metals:
The Indian metal manufacturing industry is a major source of revenue. Thanks to high-quality craftsmanship and its focus on sustainable design, its global reach is immense. Additionally, this sector's rapid adaptation to changing consumer demand patterns and increased government regulations helps it remain cost-competitive in international markets.
While polished diamond exports have experienced the brunt of recent value correction, India's overall jewellery market continues to show signs of stabilisation due to policy engagement and diverse trade routes. Furthermore, select segments, such as silver jewellery and gold earrings, have even experienced modest traction in the US market.
India's metal manufacturing companies remain confident of maintaining steady exports despite ongoing conflicts in the Middle East, with growth of 4.5% seen in November compared with October's lackluster showing, which was affected by delayed shipments during Diwali festivities.
Indian manufacturers find Dubai's rapidly developing retail sector an especially alluring opportunity, with young consumers gravitating toward community-driven brands and designs combining traditional and modern elements. IJEX provides Indian manufacturers with an effective platform to tap into this thriving retail landscape; GJEPC support includes networking events and marketing assistance that ensure their brands gain maximum exposure in Dubai.
3. Jewellery:
India is home to nine out of 10 rough diamonds processed worldwide, and India's diamond cutting and polishing facility is at the forefront of cutting and polishing services. Additionally, jewellery manufacturers in the country specialize in reshaping gems to meet changing consumer demand.
Jewellers provide an example for other traditional industries navigating an unpredictable global future by capitalizing on design innovation and developing strong brands that resonate with global consumers, and by adapting quickly to shifting market conditions.
As India's jewellery sector embraces technology, new opportunities have arisen in the global marketplace for its artisans and craftsmen. E-commerce platforms enable customers to purchase customized products to suit their own styles, while social media channels enable jewellery makers to interact directly with customers. This combination, combined with India's evolving logistical capabilities for exporting gems and jewellery, is creating new markets and spurring growth.
Indian jewellery producers can leverage events like IJEX in Dubai as an international platform to showcase their collections and gain an edge in highly competitive markets such as Australia and the Middle East. Furthermore, this platform provides Indian jewelers with an invaluable opportunity to network with retailers in these regions and build long-term partnerships. This approach has proven invaluable during times of global economic slowdown, particularly within US markets.
4. Accessories:
India's gems and jewellery sector contributes 7% to GDP and employs 5 million people. At the same time, exports total US$ 10 billion each year, driven by strong market demand and government policies encouraging innovation, sustainability, and hallmarking.
The Indian jewellery market has experienced impressive growth, driven by fashion accessories, online purchases, and shifting tastes among younger consumers. E-commerce allows brands to reach an international customer base while providing styles tailored to discerning shoppers.
India's creative goods exports grew by more than 7% year to date in the first seven months of FY26, with the UAE and the US emerging as the leading destinations. Fashion accessories and jewellery were the leading categories, while lab-grown diamonds emerged as an attractive ethical alternative among young buyers.
IJEX Dubai provides Indian G&J manufacturers an ideal opportunity to connect with regional distributors, retail chains, and influential buyers, increase brand visibility, strengthen business ties, and utilise one of the fastest-growing retail environments globally. Additionally, participants can take advantage of networking events organized alongside this event, as well as marketing support, to leverage IJEX's presence in one of these major retail environments.